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Nigeria Offers Hand Up to Entrepreneurs

AFRICANGLOBE - The fund was officially launched in Abuja Thursday. The MFBs are in turn expected make the funds available for on-lending to young entrepreneurs, particularly businesses managed by women at reasonable rates.

Nigeria’s Central Bank Gov Backs Single Currency For Africa

AFRICANGLOBE - Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi has thrown his weight behind the proposed Africa Monetary Union which will see the continent have one central bank and a single currency.

Nigeria’s Billionaire Debtors and the Economy

AFRICANGLOBE - Access to credit, or a lack thereof, by consumers and businesses in capitalist and mixed financial systems usually serves as a major...

Nigeria: Oil Production Falls Below Govt’s Projection

The Central Bank of Nigeria (CBN) said Monday that the country pumped 2.12 million barrels per day (bpd) of crude oil in the second...

A Plot to Kill Nigeria’s Economy

The National Assembly may be crossing the Rubicon by amending the Central Bank of Nigeria Act 2007. But if the views of other stakeholders...

Nigeria Imported $8 Billion Worth of Petroleum Products in 2011- Sanusi

The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido, has said that the federal government spent $8 billion on the importation of petroleum products in 2011 alone through oil marketers.